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An illegal choice has been detected. Please contact the site administrator.1 . HVAC Market Research Reports, Analysis & Trends
HVAC industry comprises companies that are mainly into heating, ventilation, and air conditioning industries that when put together they form the HVAC industry and cater to the construction industry in order to fulfill the requirements of the construction and building facilities. The main drivers and factors allowing the growth in this industry are the energy regulations, technological developments by manufacturers to meet the high energy efficiency requirements, and most importantly the growing demand across major commercial sectors.
67 HVAC Products/Markets covered, 2047 pages, 9630 spreadsheets, 9749 database tables, 514 illustrations. Updated monthly. 12 month After-Sales Service.
The global HVAC industry is expected to grow at a much more rapid pace in the coming years due to the advanced and innovative improvements that are incorporated in order to meet the highest standards. The market for the HVAC industry has been witnessing an evolution of monitoring systems and intelligent technology as one of the key factors of this growth, which is the increasing construction activity that is leading to such high monitoring system. The Asia-Pacific region/ demographic is one of the fastest growing market where the high growth is being experienced due to its robust economic activity which is favoring construction businesses and simultaneously HVAC industry.
Our Featured HVAC Industry Reports
The big concern for the majority of this industries is always the government rules and regulations that restrict certain areas of design, innovation, implementation and production, so the HVAC industry too faces certain limitations that it has to comply with in order to sustain and function in the market. It is always a challenge to grow with all the policies and rules regulating the industry's activities that concern safety, money and property values. Basically, the regional and demographic rules vary from region to region and the growth pattern and rate is always measured according to the standards and procedures pertaining to that demographic and region alone. North American demographic is showing an excellent recovery, especially in the residential sector.
US market recovery following 2009 lows will lead demand. Growth in the cooling equipment segment will be stronger than in heating equipment gains through 2014 due to a falling off in air conditioning equipment sales. Room air conditioners will lead growth and window-type air conditioner demand will be fuelled by growing levels of income in Asia. Mini-split room air conditioners will witness growing demand in Western Europe. Growing non-residential construction spending will bolster gains for other cooling equipment, including chillers. China dominates HVAC equipment supply, benefiting from cheaper labor that allows Chinese suppliers to offer more competitive prices. China is an important supplier in the room air conditioner market, with equipment being shipped across Asia and also further afield to Western Europe and the US.
2 . HVAC Industry Trends
The Heating and Air Conditioning industry is characterized by moderate barriers to entry, including completing an apprenticeship and gaining a license, facing intense competition from established industry contractors in local areas as well as establishing working relationships with property managers, general contractors and local retailers. Factors such as changes in energy regulations, technological developments by manufacturers to meet these energy efficiency requirements, and growing demand across commercial sector, especially in Asia Pacific region, are some of the key growth drivers. However, the magnitude of impact of these factors on the market varies on a regional basis. Asia Pacific in particular is experiencing high growth due to robust economic activities, resulting in increased urbanization and rise in consumer spending on luxury goods and services. In addition, growth across North America is showing signs of recovery, particularly in the residential sector. Growth in the non-residential sector, especially across the industrial segment, is slow due to dormancy in industrial activities. The commercial segment for HVAC equipments is growing at a healthy rate, with the tourism sector taking the lead. Commercial segment alone accounted for approximately 40% of market share in 2012.
The increasing complexity of HVAC and refrigeration systems has led employers and clients to prefer technicians with post-secondary or formal apprenticeship training. Trade schools and community colleges typically offer 6-month certificates and two-year associate's degree programs tailored to industry work. For the most part, on-the-job training has become less common. The Heating and Air Conditioning industry is heavily influenced by activity in the construction market, with the majority of industry income generated from heating, ventilation and air-conditioning (HVAC) installations in new residential and nonresidential structures. The total collapse of the housing market and subsequent economic recession caused new construction activity to decrease dramatically. Moreover, as unemployment rose and businesses reduced operations, more vacancies in commercial buildings appeared and demand for new nonresidential structures weakened. These factors hurt demand for HVAC installations across all construction markets. According to Freedonia, the global heating, ventilation and air-conditioning (HVAC) equipment market is expected to record an increase in demand of 6% yearly through 2014, bringing market worth to more than $88 billion.
3 . Major HVAC Players
Major players in the HVAC industry include Carrier Corp., Ingersoll Rand plc, Johnson Controls Inc., and Lennox International Inc, Daikins Industries Ltd., Gree Electric Appliances Inc., Nortek Inc., Paloma Industries Inc., and Siemens AG.
1 . How MarketResearchReports.com Can Help You Find the Right Report(s)?
HVAC Industry Overall Growth Forecast
We offer syndicated/off-the-shelf and custom market research reports covering HVAC industry. These reports are designed to provide a wholistic view of the global HVAC industry.
The major growth forecast covered are:
- HVAC Industry CAGR % Growth Forecast for 2022-2028
- HVAC Industry Value Growth Forecast for 2022-2028
- HVAC Industry Key Companies Growth Forecast for 2022-2028
HVAC Industry Regional Data Coverage
The reports offered by us provide deep regional data for HVAC industry. This information is designed to help decision makers identify the key growth markets of HVAC industry and prepare their business strategy accordingly.
The major regional data covered are:
- HVAC Industry Region-Wise Growth Trends
- HVAC Industry Key Country Growth Opportunities
- HVAC Industry Focus on Most Important Markets
HVAC Industry Trends Analysis
The reports covering HVAC industry offer trends analysis of various types. These include overall key growth opportunities in global HVAC industry.
The major trends and analysis covered are:
- HVAC Industry Key Player Profiles
- HVAC Industry SWOT Analysis
- HVAC Industry Growth Drivers and Challenges
2 . Latest Market Research Reports on HVAC Industry
Below mentioned is the list of reports available for on HVAC industry. If you are not able to locate the correct report, please use the search option available on top of this page to search for the right report. You can also chat with us using the online chat system facility available at the bottom right corner of this page. You can also send your requirements using the contact form.
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